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Saudi bond market starts

Thu, 2009-06-11 21:27 — IslamicFinance.de

Saudi Arabia said it launches its new market for Islamic bonds, or sukuk, and bonds.Tadawul currently trades Islamic bond issues by only two listed firms - Saudi Basic Industries Corp and Saudi Electricity, which will launch sukuk on Saturday worth 5 billion saudi riyals. The government is a major shareholder in both firms.

Source: 

http://business.maktoob.com/20090000004979/Saudi_launches_sukuk_bond_mar...